Japan rate hike unlikely after unemployment rises

The Bank of Japan's plans to raise rates may have to be put on hold again after government data on Tuesday revealed a 0.2% increase in the unemployment rate.

4% of Japan's workforce is now unemployed, according to the data, which reveals that most of last month's job losses occurred in small to medium-sized companies.

The central bank's benchmark rate, at 0.5%, is the lowest in the developed world. The Bank of Japan had anticipated raising rates in the second half of this year, but deferred i

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